Greed. Ruthlessness. Self-centredness. Traits associated with corporate leadership. But are those qualities the ones required to make you a good leader? Organisational psychologist Tomas Chamorro-Premuzic […]
There are two types of capital to consider when starting your biotech; dilutive and non-dilutive. Becoming too diluted at the beginning risks loss of motivation and feelings of ownership for the founders – two elements crucial to its success. Go for a combination of both, advises entrepreneur and consultant Peter Harboe-Schmidt.
Non-dilutive capital
There are various types of non-dilutive funding available if you have the discipline to look for them. They include grants (see box), prizes and awards like the Red Herring award (which also helps with visibility and recognition) subsidies and customer and industry partnerships.
Grants and writing the grant application
Company grant applications are often a complex endeavor…
One of the first things a new entrepreneur tends to ask is how to create a business plan to move their idea forward. Many dream of a plan that will be unique – one that will really grab investors. First-time, and even experienced entrepreneurs can struggle and need guidance.
To many, creating a business plan can seem not only a daunting task, but somewhat of a mystery. Many entrepreneurs search the internet or the local business library looking for templates, models, or “business plan in-a-box” type kits, and that can sometimes make things…
It was during his time as a research fellow at the University of Oxford that Rajarshi Banerjee published the work which would later become the foundation for Perspectum Diagnostics, a medical software and AI company with innovative diagnostic solutions for metabolic disease and liver cancer.
Alongside the team at the Oxford Centre for Clinical Magnetic Resonance Research, his research discovered…
Fred Hammack, a venture consultant, has benefited from an education in classics and finance. A fortuitous decision, he says, because “once you understand maths and statistics, you can read any paper on the planet and as long as you have the vocabulary, you can learn the underlying technology”.
Adopting an interdisciplinary approach, crafted from years of experience in different industries, Fred has an intrinsic understanding of what drives a biotech business. This understanding of the science and the business allows Fred the benefit of many perspectives, allowing him to really help people understand what it takes to gain investments in the space, how to get someone’s attention and how to build successful business models.
How does a start-up get onto your radar?
Two things…
Everyone knows how to use Google. Most people believe they are good at using it. It’s designed to be easy, finding answers to both the complicated and the mundane. But Dan Russell, Senior Research Scientist for Search Quality and User Happiness at Google, thinks there’s a lot of ways which you could be further utilising it.
That’s why he wrote a book called The Joy of Search, a group of stories that introduce the reader to techniques for using Google to become a better researcher. Here, he tells us about the importance of good search and how to apply it to market research.
The importance of good search
We measure user happiness at Google and our research has shown the more knowledge people have about how to use it, the more confident and able they are. The more knowledge you have about the fundamentals of search, the better…
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